AVAX/USDT – 4H – BUYThe pair Avalanche/Tether (AVAX/USDT) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance line at 25.990000000 will persist.
Caution: A possible trend reversal in the direction of the support zone at 22.760000000 should be noted.
Consider stop-loss settings accordingly.
Furthermore a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 27.380000000 |
| Next High | 25.990000000 |
| Current Price | 23.880000000 |
| Next Low | 22.760000000 |
| 2nd Low | 21.440000000 |
| 3rd Low | 20.390000000 |
25.990000000 – 24.820000000 – 27.380000000 – 22.760000000 – 21.440000000 – 22.530000000 — 45.549839694916 – 46.532209156213
Trading Signals: CRYPTO – AVAX – AVAX/USDT – USDT – Northern Doji – Double bottom retreat down – –